Shutdown Costs US Economy $15 Billion Daily
Update: 2025-10-15
Description
The government shutdown is now costing the U.S. economy $15 billion daily, warns Treasury Secretary Bessent, who urges Democrats and Republicans to end the stalemate. Bessent fears the shutdown is jeopardizing the current investment boom in areas like AI, potentially derailing economic progress. Despite this, he highlights recent policies for fueling economic growth and anticipates the deficit-to-GDP ratio could fall to 3% with continued growth and controlled spending. Pressure mounts on Congress and the White House to resolve the shutdown before further economic damage occurs.
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